Regarding Different Types of Concepts,which of the Following Statements Is

question 117

Multiple Choice

Regarding different types of concepts,which of the following statements is FALSE?

• A) People often apply probabilities when categorizing concepts.
• B) Cognitive psychologists classify concepts as either logical or natural.
• C) Both logical and natural concepts have strict rules for membership.
• D) The concept of a triangle is an example of a logical concept.
• E) Natural concepts include objects,activities,and abstractions.

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Definitions:

Spending Variance

The difference between the actual amount spent and the budgeted amount in a specific period.

Selling

The process of persuading potential buyers to purchase a product or service, often involving marketing, negotiation, and sales strategies.

Administrative Expense

Costs related to the general operation of a business that are not directly linked to the production or selling of goods or services.

Planning Budget

A budget created before a period begins, outlining expected revenues, expenses, and other financial transactions, serving as a blueprint for financial performance.